Background: Ather Energy, one of India’s leading electric vehicle (EV) manufacturers, has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The Bengaluru-based startup will become the second EV maker to ...

  Introduction In a significant financial fraud case, the Bengaluru police arrested an Axis Bank relationship manager, Vaibhav Pithadiya, and three associates from Gujarat for allegedly embezzling INR 12.5 Cr from Dreamplug Paytech Solutions, the parent company of fintech unicorn ...

  Introduction Zomato, one of India’s leading food delivery platforms, has significantly strengthened its position in FY24, surpassing its closest rival, Swiggy. With over 50% of its revenue coming from food delivery, Zomato’s ability to adapt to shifting consumer preferences ...

  Introduction This examines how Shiprocket, a leading logistics startup in India, is leveraging a $26 Mn funding round to enhance its operational capabilities and scale its business. The funding, led by KDT Ventures, also includes participation from prominent global ...

  Introduction This case study explores ixigo’s strategic use of Employee Stock Option Schemes (ESOS) as a tool to attract, retain, and motivate employees. The company recently announced significant developments in its ESOS, highlighting its focus on employee welfare and ...

  Introduction Venture capital giant Peak XV Partners (formerly Sequoia Capital India) recently executed significant share sales in fintech major MobiKwik through two block deals. These transactions highlight the VC firm’s strategy to partially exit its investments while capitalizing on ...

  Introduction Amagi, a media-focused SaaS unicorn, demonstrated significant financial improvement in FY24. Despite reporting a net loss of INR 245 Cr, the company reduced its losses by 23.72% compared to FY23. The improvement in its EBITDA margin and a ...

  Introduction PharmEasy, once a leading name in India’s online pharmacy sector, has experienced a staggering valuation decline from $5.6 billion to just $456 million, marking a 92% drop. This decline underscores the challenges faced by tech-driven healthcare startups navigating ...

  Introduction Nazara Technologies, a leading player in the gaming and esports sector, has further solidified its control over its subsidiary, Absolute Sports. By acquiring an additional 10.26% stake for INR 72.73 Cr (approximately $8.4 Mn), Nazara’s total stake in ...

  Introduction In the lead-up to its $1.3 billion IPO, Swiggy is focusing on redefining its business model and enhancing user engagement. CEO and cofounder Sriharsha Majety, in a recent statement, emphasized the company’s goal to retain and engage 110 ...